Morning all!
Adept Technology ( AdEPT Technology (LON:ADT) ) – 395p – £93.6m – PER 13.1
Interim Results For The 6 Months To End September 2018 – Revenue up 9.5% with Adjusted PBT up 13.4% and EPS up 11.7% - The Interim Dividend is up 15.3%. Net Debt is up to £25.1m (£20.8m last year). Trading continues to be in-line with management expectations.
I am Long here and these results are exactly setting the world on fire. Further to this I don’t like the increase in Net Debt - I continue to hold but will of course keep an eye on the market reaction here, I am a little nervous!
Carclo ( Carclo (LON:CAR) ) – 80p – £58.4m – PER 6.6
Results For The 6 Months To End September 2018 – Revenue down -1%, Underlying PBT down -22%, FY still to be in-line and on track to grow substantially over the medium term.
I cannot change my view based on this update – This remains on my Avoid list for now.
Codemasters Group ( Codemasters Group (LON:CDM) ) – 171.5p – £242.2m – PER 14.6
Interim Results For The 6 Months To End September 2018 – Doesn’t seem to read particularly well but expects FY to be in-line with the Boards expectations (wonder what they are!).
I remain Neutral until I see those first set of results (IPO was less than 6 months ago).
Premier Foods ( Premier Foods (LON:PFD) ) – 38p – £330.1m – PER 4.8
Results For The 26 Weeks To 29th September 2018 – Revenue up slightly with Adjusted PBT and EPS up 14.3% and 13.8% respectively although a statutory loss is reported. FY expectations unchanged. Net Debt is still HUGE here at £509.5m – The CEO will step down at the end of January 2019.
The Net Debt still keeps me well away here – It’s on my Avoid list for now.
TT Electronics ( TT electronics (LON:TTG) ) – 216p – £352.2m – PER 12.7
Trading Update – Expects to meet expectations and is in…
